wade guyton artwork inigo philbricks flops at sothebys 1234755862
A Wade Guyton artwork (2007) that was forfeited by Inigo Philbrick's business partner Robert Newland failed to sell at Sotheby's New York in late March 2025, carrying an estimate of $200,000 to $300,000. The same piece had previously sold for $208,000 at a U.S. Marshals Service auction in Texas in August 2023, a steep decline from its $490,000 sale at Sotheby's in 2015. Another Guyton from the same forfeiture—a 2018 piece owned by Philbrick himself—sold for $215,100 at the Texas auction, representing a 65% drop from its 2018 Christie's Paris sale of €535,500 (about $625,000). The article also notes a curious discrepancy: the Texas auction catalog listed a Phillips auction house label on the 2007 Guyton, but Phillips does not appear in the work's provenance, and Philbrick was known to do business with Phillips.
